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Jaguar Mining Reports Updated Mineral Reserves and Mineral Resources
Boosts Proven and Probable Mineral Reserves by 63% TORONTO, ON / ACCESS Newswire / March 3...
About this update from Jaguar Mining Inc.
[{"type":"text","content":"Jaguar Mining Reports Updated Mineral Reserves and Mineral ResourcesBoosts Proven and Probable Mineral Reserves by 63% TORONTO, ON / ACCESS Newswire / March 31, 2025 / Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG)(OTCQX:JAGGF) is pleased to announce its annual Mineral Reserves and Mineral Resources (MRMR) statement for 2024.Detailed tabulations and discussion of this 2024 MRMR disclosure may be found within the Company's Annual Information Form for the year ended December 31, 2024, which was filed today. An updated Technical Report for the MTL complex was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") and also filed today. Both documents can be found under Jaguar's profile on SEDAR+ https://www.sedarplus.ca.HIGHLIGHTSProven and Probable Mineral Reserves (2P Mineral Reserves) increased by 63% to 764 koz (5,903 kt @ 4.03 g/t Au), net of mining depletion. The Onças de Pitangui projectreported the first Mineral Reserves of 284 koz (2,122 kt @ 4.16 g/t Au).Measured and Indicated (M&I) Resources decreased by 1% net of depletion to 1,659 koz (12,325 kt @ 4.19 g/t Au).Inferred Mineral Resources increased to 1,676 koz (14,621 kt @ 3.56 g/t Au), highlighting the Company's strong growth potential.Onças de Pitangui project measured and indicated resources increased by 2% to 457 koz (3,547 kt @ 4.01 g/t Au) and inferred resources increased by 29% to 490 koz (4,184 kt @ 3.64 g/t Au).Faina zone continued its upward trajectory, with a 16% increase in 2P Mineral Reserves to 160 koz (1,019 kt @ 4.87 g/t Au).Life of Mine (LOM) plans at Pilar demonstrate five years of production starting in 2025, while the MTL complex LOM, with the inclusion of the Onças de Pitangui reserves and resources, demonstrates gold production well past 2030.Vern Baker, CEO of Jaguar Mining stated, \"This year's Mineral Reserve and Mineral Resource update further advances our organic growth strategy. With the initial disclosure of probable Mineral Reserves at our Onças de Pitangui project, we increased our reserve base by 63%. While we have challenges to overcome following the incident at our MTL Complex which resulted in the suspension of operations at our Turmalina mine, once we are able to return to work at this mine, we see a direct road to increase the ounce pr...